Apex Frozen Foods Reports Mixed Results for Q1 FY25, PAT Shows Significant Growth
Apex Frozen Foods, a microcap company in the aquaculture industry, recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.
According to the financial report, Apex Frozen Foods has seen a negative performance in the quarter, with a score of -6. However, this is an improvement from the previous quarter’s score of -22. Despite the negative performance, there are some positive aspects to note.
One of the highlights is the company’s Profit After Tax (PAT) for the half-yearly period, which has shown a significant growth of 1,029.73% year on year. This is a very positive trend for Apex Frozen Foods. However, the company’s net sales for the quarter have fallen by -26.73% year on year, indicating a negative trend in the near term.
Overall, Apex Frozen Foods has shown mixed results in the quarter ending June 2024. While there are some positive aspects to note, there are also some areas that need improvement. Investors are advised to hold their positions in the company’s stock, as per the recommendation by MarketsMOJO.
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